Financial News

Sales Dip 2% for Brenntag in Q2 2024

Despite lower sales, operating gross profit could be kept stable on prior-year level with $1.13 million, a 0.6% increase.

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By: Lianna Albrizio

Associate Editor

Brenntag reported $4.6 billion in sales in Q2 – a 2% dip in sales from the prior-year quarter – however, results were in-line with market expectations, officials said. Despite lower sales, operating gross profit could be kept stable on prior-year level with $1.13 billion, a 0.6% increase. Brenntag achieved an operating EBITA of $327.85 million, a year-on-year decline of 10.4%. The higher volumes did not compensate the lower year-on-year gross profit per unit margins in combination with slight...

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